The opening of the first Islamic bank in the euro zone

by **Ponee** Wed Jul 22, 2015 12:22 pm

Bank deal will depend on the principle of Murabaha instead of fixed interest, which makes it less vulnerable to shocks. Obelisk: Kuwait Turkish Bank's first branch in Frankfurt, Germany's financial capital opened (Kuwait left), becoming the first bank offering a full banking services in accordance with the provisions of Islamic Sharia in the euro zone. Kuwait Finance House and is a key partner in Kuwait, which seeks to leave through the opening of a branch in Germany to meet the demands of between 4 to 5 million Muslims there. The Bank will build on the principle of Murabaha deal instead of fixed interest, which makes it less vulnerable to shocks. Kamal said weights bank manager (Kuwait left) it is different from other banks in Frankfurt, also in that it "does not invest in sectors linked to the porn industry and the liquor or tobacco. We do not want to offer any loans to such investments. Will we finance such investments

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